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When the U.S. launched a war against Iran in February, it sent the prices of goods like fuel and fertilizer skyrocketing.
Hoping to remediate the damage, President Donald Trump issued a waiver of Section 27 of the Merchant Marine Act of 1920.
Better known as the Jones Act, the statute says cargo moving between American ports must be carried on a ship that was built in America, with predominantly American owners and crew.
Under the Jones Act, Alaskan refiners may only send oil to the U.S. mainland on a ship built, owned, and staffed by Americans.
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